MML Investors Services LLC raised its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 25.3% in the first quarter, Holdings Channel reports. The fund owned 7,445 shares of the business services provider’s stock after purchasing an additional 1,501 shares during the period. MML Investors Services LLC’s holdings in Verisk Analytics were worth $990,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Suntrust Banks Inc. grew its holdings in shares of Verisk Analytics by 0.4% in the fourth quarter. Suntrust Banks Inc. now owns 22,973 shares of the business services provider’s stock valued at $2,504,000 after purchasing an additional 86 shares in the last quarter. Tandem Investment Advisors Inc. grew its holdings in shares of Verisk Analytics by 1.5% in the first quarter. Tandem Investment Advisors Inc. now owns 5,935 shares of the business services provider’s stock valued at $789,000 after purchasing an additional 88 shares in the last quarter. Pitcairn Co. grew its holdings in shares of Verisk Analytics by 4.7% in the fourth quarter. Pitcairn Co. now owns 2,039 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 92 shares in the last quarter. Kaizen Advisory LLC grew its holdings in shares of Verisk Analytics by 26.2% in the fourth quarter. Kaizen Advisory LLC now owns 462 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 96 shares in the last quarter. Finally, Utah Retirement Systems grew its holdings in shares of Verisk Analytics by 0.3% in the fourth quarter. Utah Retirement Systems now owns 29,920 shares of the business services provider’s stock valued at $3,262,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.
Several research analysts have commented on the stock. BidaskClub cut shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 9th. Zacks Investment Research upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Deutsche Bank set a $137.00 price target on shares of Verisk Analytics and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Morgan Stanley set a $132.00 price target on shares of Verisk Analytics and gave the stock a “hold” rating in a report on Thursday, May 2nd. Finally, Robert W. Baird set a $137.00 price target on shares of Verisk Analytics and gave the stock an “outperform” rating in a report on Wednesday, February 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $130.00.
NASDAQ VRSK opened at $145.34 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.13. Verisk Analytics, Inc. has a 52 week low of $102.74 and a 52 week high of $147.94. The company has a market cap of $23.89 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 3.26 and a beta of 0.77.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.03 EPS for the quarter, hitting the consensus estimate of $1.03. Verisk Analytics had a net margin of 24.60% and a return on equity of 33.36%. The company had revenue of $625.00 million during the quarter, compared to analysts’ expectations of $618.14 million. During the same quarter in the previous year, the business posted $0.94 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. As a group, research analysts expect that Verisk Analytics, Inc. will post 4.42 EPS for the current fiscal year.
The company also recently declared a special dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 13th. Verisk Analytics’s dividend payout ratio (DPR) is presently 6.08%.
In other news, Director Christopher M. Foskett sold 10,078 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $146.54, for a total transaction of $1,476,830.12. Following the completion of the sale, the director now owns 20,759 shares in the company, valued at approximately $3,042,023.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vincent De P. Mccarthy sold 3,090 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $128.15, for a total transaction of $395,983.50. Following the sale, the insider now owns 37,127 shares of the company’s stock, valued at approximately $4,757,825.05. The disclosure for this sale can be found here. Insiders have sold a total of 22,259 shares of company stock valued at $3,116,542 in the last quarter. 2.71% of the stock is currently owned by company insiders.
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Verisk Analytics Company Profile
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
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